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harrigan. since mohamed morsi, the president there assumed near absolute powers through a constitutional move. he and the muslim brotherhood have been doing things that have a lot of people concerned in terms of ramming through a very controversial new constitution that the people have been very unhappy about. what's going on there. come back home now for a moment and take a look at the latest numbers we have got on the u.s. economy. the weekly unemployment numbers came in as they do every thursday. the labor department reported 370,000 americans filed for first-time unemployment claims. either way, either way, folks, your taxes will go up despite the haggling going on on capitol hill. you will be paying more to the u.s. government. stuart varney joins me now. so, stuart, that's the bottom line. this is what people i think across the country are starting to realize no matter what they negotiate, 2013 will be different for most of us. >> this is the untold tax story. everybody has been concentrating on tax the rich, yes or no. but the payroll tax holiday goes away january 1. neither polit
demonstrations in egypt as president morsi and the muslim brotherhood push through a hard-line islamist constitution. morsi supporters blocked them from entering the courthouse in order to give a ruling on this constitution. steve harrigan joins us from there. where do we stand now with this constitutional court having no ability to rule at this point? >> reporter: the most unusual situation in cairo where you have egypt's top court whose judges now say basically they are afraid to do their job. they were supposed to enter the court sunday to get to work. there was a crowd of pro-government protester surrounding that white house. the judges say they felt intimidated by the crowd both physically and psychologically intimidated. so for now they suspended all their work. martha: we can hear the sound of the protesters behind you. what i next in tahrir square? >> reporter: it's a competition between the two sides. those who support this president and those who want to drive him out of office. we have seen the protesters numbers diminish from 250,000, to sometimes 5,000 to 10,000 a day. some
implications. martha: you see these protesters furious for morsi's power grab and his rushing through a new constitution drafted by his muslim brotherhood allies. many fear if it's adhered to it could turn egypt into an islamic state. bill: how close did the protesters get to the president? >> reporter: the protesters got right to the walls of the presidential compound. it's the first time we saw them move from tahrir square. they broke through the walls protecting the compound. the protesters did not try to scale the walls of that presidential compound and there were no serious injuries reported on either side. despite large scenes of chaos and an angry crowd. bill: what should we watch today? what is critical? >> reporter: we are likely to see a counter protest from those who support morsi. we'll see back and forth protests from both sides. martha: could it be the beginning of calls for a great municipal bailout? there are great questions raised by a video of a detroit city councilwoman who calls on president obama to bail out her cash-strapped city for payback for their votes. >> after t
. this constitution would go to a referendum, be voted on and president morsi would give up his extraordinary powers. what we see is the reverse. it has inflamed the opposition. we could see one of the biggest protest demonstrations today we've seen so far, bill. bill: steve harrigan, thank you. we're waiting and watching for more developments out of cairo, egypt. we're coming after the moment where prayers end on a friday afternoon. so watch that story. martha: crowds in those streets. we'll keep an eye on it. we're just getting started on this friday morning, everybody. there is new information on the health of president george h.w. bush after he was admitted to the hospital. we have the latest how he is doing. we'll bring you that straight ahead. bill: the senate voting on a plan to prevent terror deteen east from gitmo being moved here to the u.s. and the results of what happens next with retired four-star general jack keane with his take on it. martha: and gridlock in washington. stuart varney just told us the white house's plan could send us into another recession. we'll talk to a democrat and
there are breaking developments 24 hours after the muslim brotherhood and president morsi pushed through a constitution. tahrir square swelling with now protesters adding to those crowds. the president says the constitution is meant to protect the revolution but critics say it undermines basic freedoms, takes away rights to women. we are seeing new tactics. what are they doing? >> reporter: that's right, martha. we expect the opposition to try something new today to move here from tahrir square and march towards the presidential palace. it's a move that does have some risks. there could be conflicts with riot police who are lining the routes. they set up barbed wire. this will be a test of the opposition numbers. we have seen their numbers decline the past week but they could be energized by this attempted march on the palace. martha: we remember it was a close elect between the morsi supporters and the mainstream presidential candidate. we see them trying to find some balance in egypt and the struggle that came up with the judges over this constitution. what happened with that, steve? >
morsi, the new president step down. steve harrigan streams live in cairo, it is nightfall now. what do we know about the u.s. embassy, steve? >> the u.s. embassy building is really just down the block from where i'm standing here and egypt security forces have put up a 12-foot high call of cinder block to keep that alleyway safe where the embassy is. the public services section which visitors use is closed today. that part of it is closed off. the embassy itself has not been targeted but it is part of a rough taeub rough neighborhood around tahrir square where protestors are throwing rocks and police are firing teargas. two buildings were set on fire, those blazes are now out. warnings issued to all americans to avoid the downtown area over the next few days due to the unrest, bill. bill: when will the new egyptian president morsi speak, do we know that, steve? >> reporter: we expect to hear from him on national television later tonight in a taped address. he's likely to introduce a new constitution, and that constitution could either make things better on the streets or it could infla
Search Results 0 to 6 of about 7 (some duplicates have been removed)